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  • 3,826,250 non flow-through units issued to shareholders
  • Second tranche gross proceeds of CAD$612,200
  • CanAlaska also issues CAD$902.40 finders fee

CanAlaska has completed its second and final tranche of non-brokered private placements, issuing 3,826,250 non flow-through units to shareholders for gross proceeds of CAD$612,200.

Along with the first tranche, which closed on December 31, 2019, the company have raised a total of CAD$1,922,868.91, which is comprised of CAD$1,176,268.91 from flow-through units sales and CAD$746,600.00 from non-flow-through unit sales.

The company also paid a CAD$902.40 finders fee and issued 5,640 finder’s warrants, the latter being exercisable for one common share at CAD$0.40 for three years.

Securities issued under the second tranche are subject to a hold period, which expires on May 21 and subject to the laws and policies of the TSX-V exchange.

CanAlaska Uranium has interests in about 152,000 hectares of the Athabasca Basin as well as properties with nickel, copper, gold and diamond prospects.

CanAlaska shares are up CAD$0.01 (5.13%) and trade at CAD$0.205, and has a market cap of CAD$9.56 million.

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